Atlantic Capital Partners Acquires Retail Property In Easton, MA For $25.5M
SOLD
$25,500,000
+ 2
Massachusetts
See Similar DealsRetail112,869 SF
Sold 12/17/2021
SOLD
Atlantic Capital Partners Acquires Retail Property In Easton, MA For $25.5M
25 Robert Drive, Easton, Massachusetts 02375, United States
See Similar DealsRetail112,869 SF
Sold 12/17/2021
+ 2
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$225
Total Square Footage:112,869 SF
Transaction Type:Sale
A retail property located at 25 Robert Dr in Easton, MA has been sold in a recent transaction. The property, spanning 112,869 square feet, was acquired by Phillips Edison & Company for a total sale price of $25,500,000. The purchase price per square foot came out to be $226.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $25,500,000
The brokerage team of Chris Peterson, Sam Koonce, Molly Lynch, Ben Starr, and Justin Smith from Atlantic Capital Partners represented Phillips Edison & Company in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,360,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$90,596.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$120,883.01
Annual Debt Service$1,450,596.11
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